PCB firm Ichia expects record revenue and profit in 2022
PCB maker Ichia Technologies expects to post record-high revenue and profits in 2022, buoyed by strong demand for automotive and consumer electronics applications......»»
CEO Koji Sato reloads for long-term growth after leading Toyota to record profit, sales, production
Toyota reports across-the-board record results in its just-ended fiscal-year, but it warns earnings will retreat in the current year......»»
Toyota CEO Sato leads automaker to record profit, sales, production
Toyota reported record quarterly sales and record profits, but warned earnings will retreat in the current year as it takes a break from hectic expansion and invests in next-generation EVs, software and AI......»»
There’s an AI Lobbying Frenzy in Washington. Big Tech Is Dominating
Spending on lobbying to shape AI policy in Washington is soaring—and tech giants are leading the charge. The number of groups lobbying the U.S. federal government on artificial intelligence nearly tripled from 2022 to 2023, rocket.....»»
Why Big Tech May Never Recover in China
Although the crackdown has eased since 2022, it has left a profoundly negative mark on the sector and state-business relations. Even by its own standards, the tech sector has had an extraordinary year. The surges in valuation of fi.....»»
Rivian"s Q1 net loss widens to $1.45 billion as revenue nearly doubles to $1.2 billion
Rivian's first-quarter deliveries surged 71 percent to 13,588 while production rose 48 percent to 13,980. Rivian expects to build 57,000 vehicles this year, about the same as last year......»»
How do emotions help construct our cultural identity in music festivals?
2022 was a record year for music festivals in Spain, hitting historic highs just two years after the entire country was locked down due to the pandemic. Spain boasts close to a thousand music festivals and a live music industry that earned 459 millio.....»»
Apple in talks with Rivian, likely over Apple Car revival
Apple is said to be investigating a partnership with a US electric vehicle firm, believed to be Rivian, in a move that could mean reviving the Apple Car.Rivian R1TThe whole Apple Car project was reportedly scrapped in February 2024, with its team red.....»»
Replacing curbside carparking with bike lanes: A "Robin Hood planning" idea
Turning curbside carparks into cycling lanes could improve city accessibility and livability without affecting business revenue, University of Queensland research has found......»»
F&I gross profit per vehicle down for 5 of 6 public groups in Q1
The retailers pointed to high interest rates again as a major contributor to the declines......»»
AlixPartners agrees to acquire global automotive consulting firm Berylls
AlixPartners plans to add Berylls' expertise in digital, strategy and growth consulting......»»
Apple Car may not be completely dead -- Apple is discussing a partnership with Rivian
Apple is said to be investigating a partnership with a US electric vehicle firm, believed to be Rivian, in a move that could mean reviving the Apple Car.Rivian R1TThe whole Apple Car project was reportedly scrapped in February 2024, with its team red.....»»
Lucid reports Q1 net loss of $685 million and revenue of $173 million as cash burn continues
Lucid's net loss was an improvement over the $780 million loss in the first quarter of 2023, but the company's stock price sank 7.5 percent in after-hours trading Monday to $2.82 per share......»»
Can the new iPad compete with my preferred tablet?
We’re less than a day away from Apple unveiling the first updates to the iPad line since 2022. In other words, there are only a few more hours left to speculate about new iPads! That made me think of something that I’ve been meaning to write abou.....»»
GM-backed self-driving firm Momenta filing for U.S. stock offering, report says
Momenta is working with China International Capital Corp., Goldman Sachs and UBS Group on a potential listing that may happen as early as this year, Bloomberg reported. The IPO could raise $200 million to $300 million......»»
Openlane Q1 earnings: Net income rises 46%; revenue down 1%
Openlane said wholesale used-vehicle sales facilitated through its online marketplace rose 13 percent in the first quarter......»»
Fusion record set for tungsten tokamak WEST
Researchers at the U.S. Department of Energy's (DOE) Princeton Plasma Physics Laboratory (PPPL) measured a new record for a fusion device internally clad in tungsten, the element that could be the best fit for the commercial-scale machines required t.....»»
Privacy requests increased 246% in two years
Data Subject Requests (DSRs) — formal requests made to a company by a person to access, delete, or request not to sell/share the personal data that the company holds on them — increased by 32% from 2022 to 2023, according to DataGrail’s 2024 Pr.....»»
Warren Buffett has sold a lot of Apple stock so far in 2024
Famed investor Warren Buffett cut his firm's Apple holdings by 13% in the first quarter of 2023, as analyst consensus was that the iPhone was seeing declining demand.Warren Buffett [Berkshire Hathaway]Buffett is not a long-term investor in Apple —.....»»
Foxconn saw best-ever April revenues partly because of better than expected iPhone demand
Apple's largest iPhone manufacturer has reported almost a fifth higher revenue for April 2024 compared to the same month in 2023, in part because of diversification.Workers in a Foxconn factoryIn March 2024, Foxconn's parent company Hon Hai Precision.....»»
From scandals to slowdown, Toyota faces these top five challenges as it pursues record profits
Toyota expects stellar results in its fiscal-year earnings announcement on May 8, from record sales to record profits. But there could still be some wobbles in the final report, including guidance on whether it can keep up its red-hot pace......»»